Price and Volume Swing Analysis on Bitcoin and Silver
by Chart School - October 16th, 2021 10:37 pm
Courtesy of Read the Ticker
Many take guidance from news, pundits or advisors. Well sometimes the swings of price and volume are a better measure of what happens next.
The big boys do not accumulate or distribute in single 1 second trade, they build positions over weeks, months and years. They use price swings in the market to build or reduce positions, and you can see their intent by studying swings of price and volume and applying Tim Ord logic as written in his book called ‘The Secret Science of Price and Volume: Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks’.
Tim Ord is a follower of Richard Wyckoff logic, his book has added to the studies of Richard Wyckoff, Richard Ney and Bob Evans.
Richard Wyckoff after years of teaching said to his students:
..”I latter told my students, ‘think in waves’ [of price and volume]“..
readtheticker.com has coded Tim Ord software logic into our Analysis chart, here are two examples.
Bitcoin – Daily
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Silver – Daily
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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote…
..“The desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street, even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.”..
Jesse Livermore
..”it is better to have few stocks and to watch them carefully”…
Bernard Burach
..“By failing to prepare, you are preparing to fail”..
Benjamin Franklin
..”Until an hour before the Devil fell, God thought him beautiful in Heaven”..
Arthur Miller, “The Crucible”
[Contrarian Investing]
..”A radical is one who speaks the truth.”..
Charles August Lindbergh Snr
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Gold getting ready to move
by Chart School - October 5th, 2021 4:11 pm
Courtesy of Read the Ticker
By Xmas 2021 the DEM’s must set a foundation for their run in US Mid Terms late in 2022. The DEM’s have a few narrative problems, but one they wish to avoid is a ‘stock market crash’. They must produce enough juice for the economy to hold up into the mid term elections.
In short it is more debt, a higher debt ceiling, and more debt for the FED to buy, a larger balance sheet for the FED. This means hard currency remains in a uptrend and higher prices will be soon upon us.
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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote…
..“The only way you get a real education in the market is to invest cash, track your trade, and study your mistakes…. The examination of a losing trade is tortuous but necessary to ensure that it will not happen again.”..
Jesse Livermore
..”Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic… There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it’s the end of a bull market or the end of a bear market.”…
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RTT browsing latest..
by Chart School - September 28th, 2021 6:14 am
Courtesy of Read the Ticker
Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.
Date Found: Tuesday, 01 June 2021, 08:00:33 PM
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Comment:
The Fed is now a bigger player in the US Treasury market than foreigners WTF! Yields suppressed!
Date Found: Friday, 11 June 2021, 06:38:32 PM
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Comment:
One of the best contrarian indicators are major IPOs (or ETF listings) in a particular sector. Looking back, the recent Coinbase IPO appears to perfectly fit that bill.
Date Found: Monday, 14 June 2021, 05:46:31 PM
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Comment:
J@TimmerFidelity In my view, it looks like the bottom is in.
Date Found: Monday, 14 June 2021, 06:20:37 PM
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Comment:
@DTAPCAP Bitcoin has never topped with volatility this low. Massive upside still ahead.
Date Found: Friday, 18 June 2021, 10:57:21 PM
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Comment:
@TaviCosta Name the one industry with:Triple digit FCF growth, Insanely cheap valuations, Strong balance sheet, Profitability on the rise And, that is now historically oversold.
Date Found: Friday, 18 June 2021, 11:32:37 PM
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Comment:
BTC forecast by Raoul Pal of GMI
Date Found: Tuesday, 22 June 2021, 06:16:26 PM
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Comment:
@VaradMarkets US Core PCE #Inflation: Visualization of Fed’s Inflation trajectory using (SEP) projections from June FOMC (v/s March FOMC), By jacking up 2021 projection (2.2% to 3.0%), Fed has acknowledged less transitory nature of Inflation,Next release: Fri, 25 Jun (YoY Exp 3.4%)
Date Found: Thursday, 24 June 2021, 05:22:12 PM
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Comment:
Get the feeling BTC is not done!
Date Found: Wednesday,…
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Silver during periods of Industrial Inflation
by Chart School - September 25th, 2021 3:20 pm
Courtesy of Read the Ticker
When industrial inflation is hotter than consumer inflation silver does well.
Previous Post: Silver, after the FED said taper talk is a long way off
In the chart below we see the relationship between silver and the yield curve and the Producer Price Inflation.
The yield curve is the US 30 yr interest rate less the Fed Funds interest rate (blue line). When the blue line is high a steep yield curve is present, and when it is low a flat yield curve is present. A steep yield curve is when longer term rates are higher than short term rates vica versa for a flat yield curve.
A steep yield curve is when the long term rates are higher than the short term rates, suggesting investors are not selling risk on assets and buying safe bonds, this is a healthy risk on environment. A flat yield curve is a period of economic concern as investors are selling risk on assets and buying safe bonds, this is when the blue line is falling and if below zero it may lead to a recession. Silver price tends to suffers during recessions.
Economic recovery is when the blue line moves from up from zero, this recovery leads to increased industrial and investor demand for silver.
POINT: Yield curve recovery leads silver price recover.
The next indicator (red line) is the industrial producer price inflation ratio to the consumer price inflation, or PPI divided by CPI, or business versus the consumer. If during a period of yield curve recovery we also have hot producer price inflation the silver price recovery is likely to be more aggressive.
Higher inflation arrives during periods of abundant money supply while suffering market constraints (or shortages). There is abundant money around (after FED printing) and COVID19 has disrupted supply chains resulting in shortages. High demand for items in short supply creates inflation.
Currently 2021 PPI is red hot versus CPI and if this persist like the periods of 1973 to 1982 and 2006 to 2014 (ex 2008 shock) silver will likely see higher prices.
POINT: Hot industrial price inflation will support higher silver prices.
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Gold and Silver Volume Waves Review
by Chart School - September 14th, 2021 2:52 pm
Courtesy of Read the Ticker
The sign says it all. The professionals want the public to focus on the words, to scare out the weak hands, but the color of the sign underlines the value in a money printing world, its gold stupid.
Point and figure (PnF) charts draw price waves with the sum of volume per wave. PnF charts high light true accumulation underneath price action. This is why Richard Wyckoff favored PnF charts.
In the charts below we see price moving sideways to down, yet volume on up waves are greater than volume on down waves. At the moment there is no heavy selling on down waves. Or in other words price is being moved down at a low volume expense to allow accumulation at a lower price.
This action represents professionals building their bullish position over time. They do have to sell volume to get price down so they can buy more at a lower price. Simply, sell 10 @ $1 and lower to buy 12 @ $0.90, rinse and repeat, and yes their overall position grows. In the end the professionals will have a position of size for greater profit (to learn more please study Richard Ney work within RTT Plus library).
POINT: So long as heavy selling does not occur then gold and silver ETF’s are being accumulated. Even if heavy selling does occur, we watch for even large buying to offset it. So far gold and silver action remains bullish and the period time passed suggests accumulation activity is near the end and a mark up will most likely follow. Keep watching between Nov 2021 and Jan 2022.
Chart 1 – Gold ETF
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Chart 2 – Silver ETF
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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
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Litecoin shows the value of price channels
by Chart School - September 5th, 2021 6:38 pm
Courtesy of Read the Ticker
readtheticker studies the old masters (Gann, Wyckoff, Livermore, Dewey/Hurst/Cycles) but it has to be said simple price channels clearly show the support and resistance road map for price.
NOTE: RTT Plus members can review our library of 'Big Channels' charts, via RTT Charts (main menu in RTT Plus)
Chart 1 – See how (log) price moves between the parallel channel lines, forecasting zones of support and resistance, as well as rally's and sell offs targets becomes a breeze.
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Chart 2 – You can measure a price swing move by seeing how it moves between channel lines, the last LTC rally went from 50 to 400 or 3x blue channels. The price low after the July 2021 correction was near $120, so add 3x blue channels widths (same as before) and your new target is near $1000.
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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is available to members. Sign up to enjoy the full service.
NOTE: readtheticker.com does allow users to load objects and text on charts, however, some…
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RTT browsing latest..
by Chart School - August 31st, 2021 6:14 am
Courtesy of Read the Ticker
Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.
Date Found: Sunday, 25 April 2021, 05:34:36 PM
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Comment:
@crescatkevin We believe it's the dawn of the Great Rotation where investors will be selling overvalued long duration financial assets and buying undervalued hard assets including scarce resource stocks with high near-term growth fundamentals. Rising inflation is self-reinforcing catalyst.
Date Found: Thursday, 29 April 2021, 05:16:22 PM
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Comment:
@BreesAnna Everyone is talking about #india #ivermectin – I’m not there and don’t feel I can comment. But I do know it was quiet and under control before they started vaccinating two million people a day.
Date Found: Saturday, 01 May 2021, 10:50:53 PM
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Comment:
@TaviCosta Insane. 73% of the top 50 gold & silver miners are now profitable on a FCF basis. The highest level we've ever seen. One thing is clear: Miners continue to improve their margins, tighten up their cost structure, and generate more money than any other time in history.
Date Found: Sunday, 02 May 2021, 05:22:23 PM
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Comment:
Ooh so true!
Date Found: Wednesday, 05 May 2021, 06:04:08 PM
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Comment:
@TaviCosta How in the world can the Fed reverse its monetary policy when the US twin deficit is 25% of GDP.
Date…
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US Dollar Short Term Cycle Peak Near
by Chart School - August 19th, 2021 4:08 pm
Courtesy of Read the Ticker
The US dollar is likely to peak near or soon after the FED Jackson Hole speech. The FED is testing market sentiment.
The FED is likely to taper its balance sheet (via Bullard, say starting 2022 Q2), the taper is likely to be with mortgage backed securities (not US Treasuries, unless they want the yield curve to shoot up). This should not wobble the markets too much.
The US dollar is rallying into the Jackson Hole speech, therefore it is normal market action to see the unwinding of shorts positions. Also, in truth no one knows if the FED will make a mistake (remember the taper tantrum). If you review the CTFC COT reports there is no explosion of open interest which supports the idea that short positions are being closed.
Cycles confirm the current emotions surrounding Jackson Hole time frame.
Cycle 1 – Short term DXY peak expected soon.
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Cycle 2 – Long View of the above, notice the fractal.
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Changes in the world are the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles, Cycles, Wyckoff, and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is available to members. Sign up to enjoy the full service.
NOTE: readtheticker.com does allow users to load objects and text on charts, however, some annotations are by a free third party image tool named Paint.net
Investing Quote…
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Gold Gann Update – Current Pullback
by Chart School - August 10th, 2021 2:22 pm
Courtesy of Read the Ticker
A quick look at the current gold 'smash' sell off with zero point Gann Angles managing the pullback.
Drawing Gann Angles from ZERO on the date of an important previous high is the starting point in drawing these angles.
The fits looks very good, which suggest the 'whales' use Gann Angles in their process, of course if they fail we may consider another important high point to re draw Zero Gann angles from.
For Members: These angles are drawn with the Trendline Degrees tool.
Click for popup. Clear your browser cache if image is not showing.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote…
.."Successful tape reading is a study of force. It requires the ability to judge which side has the greatest of pulling power and one must have the courage to go with that side"..
Richard D Wyckoff
.."When I bet big .. I have a mind to own a position for years ..
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Bubble Watch – Maybe it only just started, Dow 50000 – Update 2
by Chart School - August 7th, 2021 6:45 pm
Courtesy of Read the Ticker
A brief chart post of why Dow 45,000 to 50,000 is on the table.
Many are forecasting a blow off top for stocks. This is fair, and it has happened a few times before, one lead into 1987 (first chart below, see A) and another into 2000 (first chart below, see B and C) Dow Jones market tops.
The Detrending Price Oscillator (DPO) indicator measures price away from a simple moving average in percentage terms.
POINT: In short it measures how far the rubber band is stretched.
Lets look at the DPO indicator. Currently today’s price position is at 3 (or 60%) this is equal to prior positions of 1 and 2 (first chart below). The DPO price (3) can move all the way up to prior tops of A,B and C, to X. If this happens, it will be equal to a Dow Jones price range of 44,000 and 50,000, see X??. This a percentage gain of 25% to 45% (current Dow Jones is 35,000).
POINT: Investors will not want to miss out on these gains.
The red cycle shown on the Dow as worked very well over 100 years, please review the red cycle high during the 1987 top, this can happen again in 2021/22. History may not repeat exactly, but it sure can rhyme.
Chart 1 – Dow with the DPO.
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Chart 2 – Price bands
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Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.
NOTE: readtheticker.com does allow…
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Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...
Ilene is editor and affiliate program
coordinator for PSW.
